Freshpet, Inc. (NASDAQ:FRPT) Given Consensus Rating of "Moderate Buy" by Brokerages

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) has been assigned an average rating of "Moderate Buy" from the fifteen brokerages that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $146.53.

Several equities analysts have weighed in on FRPT shares. JPMorgan Chase & Co. dropped their price objective on Freshpet from $154.00 to $102.00 and set an "overweight" rating for the company in a report on Monday, March 10th. Stifel Nicolaus cut their price objective on shares of Freshpet from $155.00 to $135.00 and set a "buy" rating for the company in a research report on Monday, March 10th. Citigroup decreased their target price on shares of Freshpet from $155.00 to $142.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Wells Fargo & Company dropped their target price on shares of Freshpet from $142.00 to $110.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Finally, Piper Sandler cut their price target on shares of Freshpet from $160.00 to $145.00 and set an "overweight" rating for the company in a report on Tuesday, March 25th.

Freshpet Stock Performance

Shares of FRPT stock traded down $5.57 on Friday, hitting $74.13. The company's stock had a trading volume of 1,565,628 shares, compared to its average volume of 777,756. Freshpet has a fifty-two week low of $71.90 and a fifty-two week high of $164.07. The company has a market capitalization of $3.61 billion, a PE ratio of 78.86 and a beta of 1.80. The stock's 50 day moving average is $105.63 and its 200-day moving average is $132.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72.

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Freshpet (NASDAQ:FRPT - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.36. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. The firm had revenue of $262.71 million for the quarter, compared to analyst estimates of $275.46 million. Equities research analysts expect that Freshpet will post 1.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Freshpet

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Elequin Capital LP bought a new stake in shares of Freshpet during the fourth quarter worth about $29,000. Geneos Wealth Management Inc. boosted its position in Freshpet by 302.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 201 shares of the company's stock worth $30,000 after buying an additional 151 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Freshpet during the 3rd quarter worth approximately $32,000. Jones Financial Companies Lllp increased its position in Freshpet by 130.9% in the 4th quarter. Jones Financial Companies Lllp now owns 217 shares of the company's stock valued at $32,000 after acquiring an additional 123 shares during the period. Finally, R Squared Ltd bought a new position in shares of Freshpet during the fourth quarter valued at $39,000.

Freshpet Company Profile

Freshpet, Inc, together with its subsidiaries, manufactures, distributes, and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. It sells dog food, cat food, and dog treats under the Freshpet brand name; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.